BTW does anyone know where OPEC and the Saudis are in all of this? They could easily satisfy world oil demands and stabilise prices (with Russian oil embargoed) by simply turning the wick up a bit. I haven't heard a peep out of Saudi Arabia.
Or - unrelated - out of Japan either. What are the Japs saying / doing?
So RE Japan, apparently them joining the sanctions on Russias central bank is all that’s required to pretty much leave it down to 14% in China and 22% in gold it can’t use.
which is why it’s quite bad for Russia that this happened -
As for OPEC, Biden has apparently been negotiating with Qatar for months to increase their supplies to Europe to replace Russia but it will take a while to ramp up.